Chan Maobo: Domestic and overseas funds cast their trust votes, and Hong Kong's asset management business has considerable growth potential

Odaily Planet Daily News: Hong Kong SAR Financial Secretary Paul Chan Mo-po stated in a blog post on May 31 that domestic and overseas funds are casting a vote of confidence in Hong Kong, and the growth of Hong Kong's asset management industry is significant. He mentioned that an international consulting firm recently released the 2026 Global Wealth Report, estimating that Hong Kong's cross-border wealth management assets last year grew by 10.7% year-on-year to approximately HKD 23 trillion, surpassing Switzerland to become the world's leading cross-border wealth management center.

It is expected that from now until 2030, the cross-border wealth managed by Hong Kong will grow by about 9% annually, with a growth rate higher than Switzerland. This reflects the confidence of domestic and overseas funds in Hong Kong's regulatory and investment environment. He noted that according to the Securities and Futures Commission's annual "Asset and Wealth Management Activities Survey," the total value of Hong Kong's asset management industry has exceeded HKD 35 trillion, with 54% of the funds coming from investors outside mainland China and Hong Kong, indicating the ongoing internationalization of Hong Kong's asset management industry. From a trend perspective, Hong Kong's asset management industry has considerable growth; over the ten years from 2015 to 2024, asset scale has doubled, and the number of asset management institutions has nearly doubled. (Xinhua News Agency)